A 20-year unbroken run 👀 Softcat released full-year results this morning showing eye-watering growth. ▶️ GII up 27% to £3.6bn ▶️ Gross profit up 18% to £494m ▶️ Underlying operating profit up 17% to £180m This is above even the raised guidance it issued this summer. In his commentary, CEO Graham Charlton also dropped a strong hint on further M&A. He waxed lyrical about how its maiden acquisition of Oakland has expanded Softcat's addressable market, and enabled it to "build M&A muscle" 💪 But what particular achievement did Charlton brand a "milestone"? Read more here (link also in comments) 👇 https://lnkd.in/e56TmMSc
Incredible performance 👏🏻👏🏻👏🏻 Whilst in many ways somewhat predictable 🙄, it’s always refreshing to see/hear Softcat continues to focus on things within its own control/influence - largely staff, customers and partners. As a result of near perfect execution you don’t hear Graham Charlton blaming macroeconomics, partner incentive plan changes or internal restructures and this is great for the channel as it demonstrates what can be achieved if you ‘nail it’ 🎯 🎯🎯
Extraordinary track record by an extraordinary company. Congratulations to Graham and all the team.
Quite astounding how they continue to deliver year in, year out. So impressive
Even with a stellar customer base and a broad portfolio, achieving consistent year-on-year growth is no small feat. Channel goodwill has undoubtedly fuelled their growth, as they are often the quickest route to market.
Unreal but I couldn't say unexpected!
Massive congrats Graham Charlton! The Softcat team is on 🔥
Some incredible growth. Softcat what're you putting in the coffee? 🚀
Journalist | Editor | IT Channel
2wLink to full story here - https://itchanneloxygen.com/softcat-ceo-flags-20-year-streak-as-top-line-hits-3-6bn/